Tag: Cyber attacks

  • Cyber ​​Attack, Data Breach Among Top Risks For Businesses In India: Survey |

    New Delhi: Cyber ​​attacks and data breaches are the top business risks for organizations in India, according to the 2023 Global Risk Management Survey. Cyber ​​attacks and data breaches were placed seventh in the 2021 business risks survey.

    Global professional services firm Aon collected inputs from around 3,000 risk managers, c-suite leaders, treasurers, talent professionals, and other executives from 61 countries and territories to identify the most pressing business challenges. (Also Read: Free Aadhaar Update Deadline Extended: Check List Of Required Documents To Do The Same)

    The biennial survey said that India's dependence on technology is likely to increase with the widespread adoption of digital infrastructure like the Unified Payments Interface, Aadhaar, and Open Network for Digital Commerce. (Also Read: Poco X6 5G Gets A Significant Price Drop On Flipkart: Check Details)

    “With increasing digitisation, cybercrimes continue to become rampant with costs and complexities associated with such breaches forcing organizations to look at risk mitigation and transfer mechanisms to better manage cyber risks,” the survey noted.

    Business interruption and failure to attract or retain top talent were marked as the second and third biggest risks facing organizations in India, respectively.

    “There is a compelling need for Indian businesses to leverage advanced data analytics and experts to understand and manage the dynamics of integrated risks,” said Nitin Sethi, Chief Executive Officer of Talent Solutions in India at Aon.

    Failure to meet customer needs, rapidly changing market trends, supply chain disruptions, and personal liabilities were marked down the list as other critical challenges for businesses in India.

  • Indian Websites, Applications Saw Over 5.14 Billion Cyberattacks In 2023: Report |

    New Delhi: Indian websites and applications witnessed over 5.14 billion cyber attacks last year, especially targeting the healthcare sector, a new report revealed on Thursday. With a 10 times increase in attacks, software-as-a-service (SaaS) companies in India emerged as key targets for cybercriminals due to the high-value customer data they store, according to the report by Indusface, a TCGF II (Tata Capital funded application security company.

    The retail and e-commerce industries were mostly targets of carding attacks. Other industries analyzed, include IT services and consulting, manufacturing, telecommunications, marketing, and advertising. (Also Read: From Investment To Income: A Rs 5-7 Lakh Investment In This Business Idea Could Yield Rs 1.5 Lakh Monthly Returns)

    “Along with card cracking or credential stuffing, we also saw bot-driven, low-rate Distributed Denial of Service (DDoS) attacks being used more frequently,” said Ashish Tandon, CEO of Indusface. (Also Read: Japan Loses Its Position As The World’s Third-Largest Economy To Germany)

    Coming to mitigation he added, “We have seen reasonable success where AI models are alerting our managed services team of possible anomalies and the team is able to quickly take mitigation measures.”

    Indusface’s ‘AppTrana’ network blocked 6.8 billion attacks globally, with 5.14 billion of those targeting Indian enterprises, SMEs, and government organizations. Cyberattacks exhibited an average quarterly spike of 63 percent from Q1 to Q4 in 2023, underscoring the urgency for robust cybersecurity measures, said the report.

    The report sheds light on the vulnerability of various industries, particularly the healthcare sector, where 100 percent of websites faced bot attacks, and the banking, finance, and insurance sectors, where 90 percent of entities experienced similar attacks.

    In 2023, eight out of 10 sites faced targeted bot attacks, witnessing a 46 percent increase each quarter, totaling over 467 million bot attacks. Major cyber attack origins, apart from India, included the US, the UK, Russia, Germany, and Singapore, the report mentioned.

  • Those that don’t wish to see India protected try cyber assaults: Union House Minister Amit Shah

    Via PTI

    NEW DELHI: Union House Minister Amit Shah on Monday mentioned those that don’t wish to see India protected try quite a lot of kinds of cyber assaults and a few international locations have even created cyber armies.

    Addressing a convention on ‘cyber protection and nationwide safety’, Shah, on the other hand, mentioned the central executive is absolutely alert to maintain this kind of threats and may be upgrading itself to stop a wide variety of cyber assaults.

    “The cyber safety may be related with the nationwide safety in some way. Those that don’t wish to see our nation protected, additionally try quite a lot of kinds of cyber assaults. Some international locations have even created cyber armies,” he mentioned.

    The house minister mentioned many new dimensions of cyber frauds will likely be observed within the coming days and the rustic has to make many arrangements relating to cyber area safety. He mentioned that cyber safety is integral to nationwide safety and the Narendra Modi executive is dedicated to creating it tough.

    “Everyone knows how vital is cyber safety and the way it can give a contribution for the advance of India. India’s growth isn’t conceivable with out cyber safety. Cyber safety is integral to the nationwide safety and the Modi executive is dedicated to creating it tough,” he mentioned.

    The house minister mentioned that we all know that the misuse of cyber area isn’t new and quite a lot of types of cyber crimes are observed very regularly that come with malware assaults, phishing, assaults on important infrastructure, knowledge robbery, on-line financial frauds, kid pornography amongst others.

    Such crimes are anticipated to extend within the coming days, he mentioned. He mentioned the questions of privateness of voters are already there and everybody needs to be extra cautious within the context of important data safety.

    “Each knowledge and data are going to grow to be an enormous financial power within the coming days, so we need to get ready ourselves for the protection of knowledge and data. Shah additionally cited the knowledge at the expanding choice of cyber crimes being reported within the nation,” he mentioned.

    “In 2012, a complete of three,377 cyber crimes had been reported and it has long past as much as 50,000 in 2020. The choice of cyber crimes which have been no longer reported might be in lakhs. We’re resolved to create probably the most secured cyber surroundings on the earth,” he mentioned.

    The house minister mentioned the Ministry of House Affairs has introduced a cyber crimes reporting portal about 3 years in the past and to this point, 11 lakh other types of cyber crimes were reported there. But even so, he mentioned, there have been over two lakh social media lawsuits which have been registered at the portal.

    “That is going to extend within the coming days, as a result of these days, 80 crore Indians are lively on-line. This can be a large quantity and because the costs of knowledge pass down, there will likely be extra customers,” he mentioned. Shah mentioned the federal government needs to growth in digitisation however on the similar time, make certain a secured cyber position in India.

    He mentioned Top Minister Narendra Modi’s imaginative and prescient is to make each Indian technologically empowered and because of digitisation, there was empowerment and technological development. The house minister mentioned as a result of era, 130 crore folks within the nation are getting advantages throughout the Direct Get advantages Switch (DBT) scheme.

    “For a rustic like India, this can be a large revolution. Ahead of 2014, we simply may no longer take into accounts it as there there have been 60 crore households within the nation who didn’t have any checking account. Omit about moving advantages digitally, they didn’t also have a checking account,” he mentioned.

    Shah mentioned for buying advantages, folks needed to run from pillar to submit and in addition face corruption. However now, by way of clicking a button, the high minister can switch Rs 6,000 each and every to 13 crore households which is a huge construction and on the similar time, a problem too. “There’s a large problem ahead of us to offer protection to the rustic from cyber frauds and different cyber demanding situations,” he mentioned.